Thomas Shelter

Thomas Shelter has been a keen follower of US politics for over two decades. His reporting for Congress.net primarily focuses on legislation, party politics, and business news.

Wealthy Americans Debate Whether To Voluntarily Give Up Their Social Security Benefits

A 63-year-old semiretired physician has sparked debate by questioning whether high-net-worth Americans should opt out of Social Security entirely. The physician, writing to MarketWatch’s “Dear Quentin” advice column, says they have accumulated $2 million in retirement savings over their career. The letter writer states: “I am a 63-year-old semiretired physician. Years ago I said that…

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Raytheon (RTX) Installs First SPY-6(V)4 Radar Array At Wallops Island To Advance Navy Destroyer Upgrade

Raytheon, a business unit of RTX (NYSE: RTX), has completed installation of the first SPY-6(V)4 radar array at the Surface Combat Systems Center in Wallops Island, Virginia. The milestone represents a significant step forward in the U.S. Navy’s Flight IIA Destroyer modernization effort and the broader SPY-6 backfit program. The Wallops Island facility is a…

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Quantum Computing Stocks Surge As D-Wave (QBTS) Lands Nasdaq Verafin Deal And IonQ (IONQ) Closes SkyWater Buyout

Quantum computing stocks are rallying sharply Monday at midday, driven by two concrete deal catalysts and a favorable broader market environment. D-Wave Quantum (NYSE: QBTS) leads the group, climbing 11% to $20.08 following the announcement of a new collaboration with Nasdaq Verafin, the exchange operator’s financial-crime-technology unit. The partnership will focus on developing quantum-hybrid applications…

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JPMorgan Strategists Say Tech Stocks Face Prolonged Back Seat As Market Rotation Widens In 2026

JPMorgan strategists are signaling that technology stocks are unlikely to reclaim their dominant market position for the remainder of 2026. The bank’s analysts point to a broader shift in investor sentiment, with capital flowing away from high-growth tech names toward other sectors of the market. Gabriela Santos, JPMorgan Asset Management’s chief market strategist for the…

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AST SpaceMobile (ASTS) Gains Overnight As Japan Rakuten Launch Approaches And Guinness Record Boosts Confidence

AST SpaceMobile (ASTS) shares climbed 2% overnight Sunday after a regulatory filing indicated that direct-to-cell satellite operations in Japan could begin imminently. The filing, submitted to the Federal Communications Commission last week, confirmed that AST SpaceMobile would launch non-U.S. direct-to-cell operations with its mobile network operator partners in the near term. Japan is the first…

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